What to do when you can’t afford your tax bill?

Every now and then, people find that they are unable to pay their taxes on time. This is apt to put some people into a panic, but others may choose to ignore it. Fortunately, there really is a right way to approach the tax deadline – even if you do not have the money to pay it. Do Not Ignore It Probably about the worst thing you could do is to do nothing. There is a deadline date for a reason, and the Internal Revenue Service (IRS) would like to hear something from you. Filing the forms on or before […]

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Know the difference between Health Savings Account (HSA) and Financial Spending Account (FSA)

Health Savings Accounts (HSAs) and Flexible Spending Accounts (FSAs) have been a welcome introduction to the healthcare landscape over the last decade. Consumers love the ability to save money by investing in these plans and thereby avoiding taxes on the amounts they contribute, but do you know the differences between each type of plan, and the details of how each one works? You are, for the most part, not able to contribute to an HSA and an FSA in the same year and your employer will likely only offer one of these options to you, so even if you prefer […]

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